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Detached garage and flood

Question: 
Is a separate flood policy necessary for residential home and detached garage?
Answer: 

A detached garage may be covered under a dwelling policy; however, there are some qualifications. For example, the value of the garage cannot exceed 10% of the value/coverage of the dwelling; the garage may only be used for parking and storage, etc. If for example, the garage doubled as a business building, it would require a separate policy.

Learn more about David and Jerod’s webinar Part II: Flood Insurance: Requirements and Best Practices .

First published on 05/29/2016

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